Problem Solving (show work to earn full or partial credits) You have invested $1,000 in the Vanguard fund and held it for the last three years. Your marginal tax rae is 25% You plan to reallocate all of your investment from the fund to municipal bond Base on the fund past performance, what is the minimum annual rate of return you need to earn from municipal bonds for you to be indifferent between the two investments? (10 points) Average annual return for the last three year Minimum return from muni- The Dow Jones Industrial Average, DJIA, closed yesterday at 26,062.12. The divisor of the D yesterday was 0.13212 IA 9493. What will the divisor be if FedEx, with yesterday closing price at $239.93, replaced AT&T with yesterday closing price at $36.37? (20 points) Sum of prices before replacing Sum of prices after replacing- New Divisor Problem Solving (show work to earn full or partial credits) You have invested $1,000 in the Vanguard fund and held it for the last three years. Your marginal tax rae is 25% You plan to reallocate all of your investment from the fund to municipal bond Base on the fund past performance, what is the minimum annual rate of return you need to earn from municipal bonds for you to be indifferent between the two investments? (10 points) Average annual return for the last three year Minimum return from muni- The Dow Jones Industrial Average, DJIA, closed yesterday at 26,062.12. The divisor of the D yesterday was 0.13212 IA 9493. What will the divisor be if FedEx, with yesterday closing price at $239.93, replaced AT&T with yesterday closing price at $36.37? (20 points) Sum of prices before replacing Sum of prices after replacing- New Divisor